Originating & Underwriting

Manufactured Housing Financing

Affordable financing options

With the country facing a shortage of affordable homes, manufactured housing provides a solution for borrowers ready to purchase. Whether a borrower is taking one of the most affordable paths to homeownership, or a more attainable alternative to site-built homes, Fannie Mae offers options to help a range of customers achieve the dream of homeownership.
See why Guild Mortgage supports MH Advantage

MH Advantage® combines features like a down payment as low as 3%, with the lower price and customizable finishes of modern manufactured homes. MH Advantage homes are built to blend into a range of neighborhoods, even those with site-built homes.

Questions?

Lenders: Contact your relationship manager.

Retailers/Manufacturers/Builders/Developers

Contact us by email to learn more, including how to become a participating manufacturer.

Why Choose Conventional Financing?

Cancelable Mortgage Insurance

Mortgage insurance is cancellable once the borrower reaches 20% equity, resulting in savings during the life of the loan.

Available to a range of borrowers

Borrowers with Credit score ≥ 620 are eligible; borrowers with credit scores ≥ 680 may get even better pricing.

From single-width to similar-to-site-built

Whether financing MH Advantage homes with site-built features or more affordable single-width MH, Fannie Mae has an offering for your borrowers.

MH mortgages

  Standard MH
For traditional single- and multi-width manufactured homes.		 MH Advantage
For homes built to appeal to site-built borrowers.
Minimum down payment 5% 3%

Must be titled as real property

See Titling Resources

 Yes Yes
Design Traditional single- and multi- width homes. Multi- width homes with features similar to site-built homes. See Home Specs

Appraisals 

See Appraisal Resources

 Must include a minimum of two manufactured home comps. Additional requirements for single-width MH. Must use MH Advantage comps if available. May use site-built comps if MH Advantage comps are unavailable.
LLPA 0.50% N/A

MI Coverage

See MI Coverage Requirements

 Varies from site-built homes. Consistent with site-built homes.

See the MH Product Matrix for more information about MH Advantage and Standard MH Financing.

Helpful Resources

Learning Center

Find additional resources, including training, fact sheets, MH Advantage Specs, and other resources.

Learn More
C-to-P for Manufactured Housing

Manufactured homes are now eligible for Construction-to-Permanent financing. Find more details on the C-to-P Financing page or the MH Financing Matrix.

Learn More
MH in traditional builder models

Learn how developers and home builders could leverage innovative financing solutions like MH Advantages in community settings.

Learn More
MH Advantage for Retailers

MH Advantage resources for retailers, including a Retailer Guide and Marketing Kit.

Learn More
gray manufactured home with porch and garage

Homeownership Education

To qualify for purchase loans with an LTV greater than 95%, homeownership education will be required for at least one borrower, when all occupying borrowers are first-time homebuyers. Fannie Mae HomeView™, which provides a clear view into the homeownership process, can be used to satisfy the homeownership education requirement.

Learn more about homeownership education.

Have questions?

Get answers to your policy and guide questions, straight from the source.

Get Started